SBICARD Stock | | | 700.60 11.30 1.59% |
SBI Cards financial indicator trend analysis is much more than just breaking down SBI Cards prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SBI Cards is a good investment. Please check the relationship between SBI Cards Cash and its Total Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SBI Cards and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SBI Cards Cash account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between SBI Cards' Cash and Total Assets is 0.96. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of SBI Cards and, assuming nothing else is changed. The correlation between historical values of SBI Cards' Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of SBI Cards and are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., SBI Cards' Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of SBI Cards, which is listed under current asset account on SBI Cards and balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SBI Cards customers. The amounts must be unrestricted with restricted cash listed in a different SBI Cards account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Assets
Total assets refers to the total amount of SBI Cards assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in SBI Cards books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from SBI Cards' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SBI Cards current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SBI Cards and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 8.5
B, whereas
Tax Provision is forecasted to decline to about 5.4
B.
SBI Cards fundamental ratios Correlations
Click cells to compare fundamentals
SBI Cards Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SBI Cards fundamental ratios Accounts
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Other Information on Investing in SBI Stock
Balance Sheet is a snapshot of the
financial position of SBI Cards at a specified time, usually calculated after every quarter, six months, or one year. SBI Cards Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SBI Cards and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which SBI currently owns. An asset can also be divided into two categories, current and non-current.